As U.S. Federal Reserve rate cuts are anticipated, analysts from Bernstein predict a resurgence in DeFi yields, particularly on Ethereum, with potential cuts of 25 to 50 basis points likely to attract renewed interest in DeFi and crypto credit markets, despite the fading excitement from the 2020 “DeFi summer.”
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Category: Cryptocurrencies
Bitcoin Price Surges to $58K as Rich Dad Poor Dad Author Predicts Further Gains
Bitcoin price surges to $58,000 as Rich Dad Poor Dad author Robert Kiyosaki predicts further gains, driven by anticipation of Federal Reserve rate cuts.
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FBI Confirms: Binance Founder CZ to Be Released Next Week
The FBI has confirmed that Binance founder Changpeng Zhao, known as CZ, will be released from prison on September 29, 2024, marking a significant moment for both Binance and the cryptocurrency industry amid widespread anticipation on social media.
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Could Solana’s Price Explode? SOL Founder Yakovenko’s Bitcoin Connection Sparks Speculation
The Solana price has fallen to $131.74 on a bad day for the cryptocurrency market as a whole, with the alt now down by 3.5% in 24 hours and by 5.5% in the last 30 days.
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Circle Partners with Sony Block Solutions Labs to Launch USDC on Soneium
Circle partners with Sony Block Solutions to make $USDC a core token for Soneium blockchain transactions.
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CFTC Warns of Potential Manipulation in Prediction Markets in Filing Against Kalshi
The CFTC has raised concerns about the susceptibility of prediction markets to manipulation in its latest filing against Kalshi, a U.S.-based prediction market platform.
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Barclays Explores Use Cases and Framework for a Digital Pound in the UK
Barclays is exploring the design and potential applications of a digital pound, with the goal of achieving smooth integration with commercial bank money.
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Bitcoin Mining Center in Norway Shuts Operations, Residents Face 20% High Electricity Bill
The closure of the Bitcoin mining plant accounted for 20% increase in the electricity bill of locals, as the plant contributed to the income of the local network company Noranett.
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Analyst Predicts Massive Bitcoin Rally in October – Will BTC Skyrocket?
Bitcoin is consolidating near key resistance at $60,583. A breakout above this level could trigger a bullish rally, pushing prices higher.
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XRP Price Set to Explode as Robinhood Relists Ripple – 10x Gains Incoming?
XRP’s price could surge as Robinhood relists Ripple, sparking speculation of potential 10x gains amid rising investor interest and market optimism.
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